Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down - Here's What Happened

Key Points

• Energy Fuels Inc shares gapped down from a previous close of $21.69 to open at $19.50, with the last traded price at $20.58.
• A recent earnings report revealed a loss of ($0.10) earnings per share, missing analysts' expectations, and indicating a negative net margin of 143.05% for the company.
• Despite recent insider selling, institutional investors have increased their holdings in Energy Fuels, reflecting a keen interest, with 48.24% of the stock currently owned by such investors.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $21.69, but opened at $19.50. Energy Fuels shares last traded at $20.58, with a volume of 11,710,356 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UUUU shares. B. Riley started coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. HC Wainwright boosted their price target on shares of Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Finally, Roth Capital cut shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Energy Fuels has an average rating of "Buy" and a consensus price target of $9.25.

Energy Fuels Trading Down 6.9%

The stock's 50-day moving average price is $14.11 and its two-hundred day moving average price is $8.67. The stock has a market capitalization of $4.66 billion, a P/E ratio of -41.22 and a beta of 1.79.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company had revenue of $4.21 million for the quarter. The firm's quarterly revenue was up –51.7% compared to the same quarter last year. On average, equities research analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Energy Fuels

In related news, Director Dennis Lyle Higgs sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total value of $235,800.00. Following the completion of the transaction, the director directly owned 256,381 shares of the company's stock, valued at approximately $3,022,731.99. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $14.85, for a total transaction of $148,500.00. Following the completion of the transaction, the director directly owned 195,617 shares of the company's stock, valued at approximately $2,904,912.45. This trade represents a 4.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 618,724 shares of company stock valued at $6,782,959 in the last quarter. Corporate insiders own 1.77% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Fuels during the 2nd quarter valued at $29,525,000. Alps Advisors Inc. raised its position in Energy Fuels by 29.0% in the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the period. Bank of America Corp DE raised its position in Energy Fuels by 93.6% in the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock worth $25,105,000 after purchasing an additional 2,111,466 shares during the period. BNP Paribas Financial Markets raised its position in Energy Fuels by 530.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock worth $11,892,000 after purchasing an additional 1,740,183 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Energy Fuels by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after purchasing an additional 1,231,484 shares during the period. 48.24% of the stock is owned by institutional investors.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.

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